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CleanSpark acquires two new Bitcoin mining plants in Mississippi

CleanSpark acquires two new Bitcoin mining plants in Mississippi

Key Takeaways CleanSpark acquired two Bitcoin mining sites in Mississippi for $5.775 million, adding 16.5 MW capacity. The company closed on a 45 MW site in Wyoming, expected to contribute 3 EH/s to its hashrate. Share this article CleanSpark Inc. has acquired two Bitcoin (BTC) mining sites near Clinton, Mississippi, and closed on its second […]
What Will Crypto Do With A Fed Interest Rate Cut?

What Will Crypto Do With A Fed Interest Rate Cut?

The next Federal Reserve interest rate decision meetings this year are September 17 – 18, November 6 – 7, and December 17 – 18. Will the Fed decrease, increase or hold on its current rate of 5.50%?How might bitcoin respond to Federal Reserve rate cuts? Since bitcoin can be seen as a proxy for monetary […]
Yo-Yo Market Provides A Unique Experience

Yo-Yo Market Provides A Unique Experience

Last week was an absolute first …Not in a bad way per se, but I cannot recall anything quite like it before …The previous week there were bullish setups a-plenty, and virtually none of them broke out. And then last week everything flipped and there were bearish setups a-plenty … and virtually none of them […]
NIKKEI 225 Index Elliott Wave Technical Analysis – Tuesday, September 17

NIKKEI 225 Index Elliott Wave Technical Analysis – Tuesday, September 17

NIKKEI 225 (N225) Elliott Wave Analysis Day ChartNIKKEI 225 (N225) Elliott Wave Technical AnalysisFUNCTION: Counter Trend MODE: Corrective STRUCTURE: Navy blue wave 2 POSITION: Gray wave 3 DIRECTION NEXT HIGHER DEGREES: Navy blue wave 3DETAILS: Navy blue wave 1 appears completed, and currently, navy blue wave 2 is unfolding.Wave Cancel Invalid Level: 30,380The Nikkei 225 Elliott Wave analysis on the day chart points […]
The Graph clocks 1.95 billion monthly queries, registers 11-fold year-on-year growth

The Graph clocks 1.95 billion monthly queries, registers 11-fold year-on-year growth

Key Takeaways The Graph Network reached 1.95 billion monthly queries in July 2024, an 11x increase from the previous year. Subgraphs on The Graph’s decentralized network grew to over 9,000, a 361% increase from Q1 2024. Share this article The Graph Network reached 1.95 billion monthly queries in July 2024, an 11-fold increase from July […]
EUR/USD Forecast: Rallies Ahead Of FOMC

EUR/USD Forecast: Rallies Ahead Of FOMC

It was a very strong day for the euro against the US dollar on Monday as we broke back above the 1.11 level. This is an area that has caused a little bit of noise as of late but quite frankly that being said, this is a market that I think has to be thought […]
GBP/USD Analysis: Nears 2024 High On Fed Cut

GBP/USD Analysis: Nears 2024 High On Fed Cut

Overall, this is an important week for global financial markets as the Federal Reserve will finally begin the US interest rate cut cycle, which is expected to boost global economic growth momentum and weigh on the US dollar more broadly. According to Forex trading, the pound received a boost against the US dollar GBP/USD last […]
Analytical Overview Of The Main Currency Pairs – Tuesday, September 17

Analytical Overview Of The Main Currency Pairs – Tuesday, September 17

The EUR/USD currency pair Technical indicators of the currency pair: Prev. Open: 1.1075 Prev. Close: 1.1132 % chg. over the last day: +0.51 % The EUR/USD pair reached a 1-week high. The weakening of the dollar on Monday contributed to the euro’s growth. In addition, hawkish comments from ECB Governing Council representative Kazacs on Monday supported […]
DBS to launch Bitcoin and Ethereum options trading for institutional clients

DBS to launch Bitcoin and Ethereum options trading for institutional clients

Key Takeaways DBS Bank will start offering crypto options and structured notes linked to BTC and ETH in Q4 2024. The bank’s new crypto products aim to provide hedging against market volatility. Share this article DBS, Singapore’s largest bank, has confirmed through an announcement that it will begin offering over-the-counter (OTC) options trading and structured […]
Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk?

Ethereum-Bitcoin Ratio Breaks 0.04 Barrier: Could Altcoins Be At Risk?

Today’s Ethereum-Bitcoin (ETH/BTC) trading pair slid below 0.04, a level last seen in April 2021. The declining ETH/BTC ratio could have multiple implications for the wider altcoin market. Altcoins Might Suffer Due To Weak EthereumOne of the key indicators to gauge the resiliency of the altcoin market is the ETH/BTC ratio. The ratio essentially tracks the […]